i) Serial no 72 which included Shoes, Moulded plastic footwear , Hawai chappals and straps thereof, plastic footwear or Hand crafted footwear the price whereof does not exceed Rs.250/-. now has been been increased to Rs 750/-.

4. In Schedule D ( 20.5% ) following entries have been added

2. Soft drink, aerated water and soda.

CHANGE IN TDS FROM PAYMENT MADE FOR WORK CONTRACT TAX

Punjab Govt. has vide notification dated 05.04.2013 brought amendment to section 27 of the PVAT Act, 2005 by increasing the rate of WCT leviable from 5% to 6% in PUNJAB.

The notification is applicable with effect from 05/04/2013.

CA Alok Krishan

Chandigarh

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